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Hey everyone,
I’m curious to hear from people who’ve actually gone through this. Has anyone here managed to get approved for a loan while being self-employed and dealing with bad credit? It feels like traditional lenders expect perfect tax returns, steady W-2 income, and spotless credit scores—things many of us self-employed folks simply don’t have.
I’ve been digging into options for loans for self employed with bad credit, and it looks like there are a few programs designed for people with non-traditional income. Some examples I came across include:
I also noticed that certain areas—like Texas—have more flexible options, especially with self employed mortgage Texas lenders and brokers who specialize in these situations. Some people also recommend working with a self employed mortgage broker since they know which lenders actually accept bank statements or alternative documentation.
For those who have successfully gotten a mortgage or personal loan while self-employed and dealing with bad credit:
It would be great to hear real experiences. There’s a lot of info online, but nothing beats actual stories from people who’ve been through it.
Looking forward to your insights!
I’m curious to hear from people who’ve actually gone through this. Has anyone here managed to get approved for a loan while being self-employed and dealing with bad credit? It feels like traditional lenders expect perfect tax returns, steady W-2 income, and spotless credit scores—things many of us self-employed folks simply don’t have.
I’ve been digging into options for loans for self employed with bad credit, and it looks like there are a few programs designed for people with non-traditional income. Some examples I came across include:
- Bank statement mortgages (12–24 months of deposits instead of tax returns)
- No tax return loans for people whose taxable income looks too low because of write-offs
- Portfolio and non-QM mortgages that allow flexible credit guidelines
- Personal loan no tax return options for smaller financial needs
- Even personal loans for H1B visa holders if someone is self-employed on a work visa
I also noticed that certain areas—like Texas—have more flexible options, especially with self employed mortgage Texas lenders and brokers who specialize in these situations. Some people also recommend working with a self employed mortgage broker since they know which lenders actually accept bank statements or alternative documentation.
For those who have successfully gotten a mortgage or personal loan while self-employed and dealing with bad credit:
- What program did you use?
- How strict was the lender?
- Did bank statements help?
- What credit score were they willing to work with?
- Any lenders you would recommend—or stay away from?
It would be great to hear real experiences. There’s a lot of info online, but nothing beats actual stories from people who’ve been through it.
Looking forward to your insights!
